arbitration

Chinese Firm Reportedly Set To Auction Seized Nigerian Assets On eBay

Aug 21, 2024. by Praise Ben

Chinese Firm Auction Nigerian Assets eBay

A Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, is set to sell two residential properties seized from Nigeria on eBay to recover up to $70 million in arbitration awards according to Peoples Gazette. The properties, located at 15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road, Liverpool, UK, were taken over by Zhongshang … Read more

Jet Seizure: We Are Ready To Settle With Nigerian Govt – Chinese Firm, Zhongshan

Aug 16, 2024. by Praise Ben

Chinese Seized Nigerian Presidential Jet

Zhongshan, the Chinese company embroiled in a legal battle with the Ogun State government, has expressed a willingness to settle with the Nigerian government following a French court’s authorization to seize three Nigerian presidential jets. The court’s ruling restricts the movement, sale, or purchase of the aircraft until Zhongshan receives $74.5 million, as awarded in … Read more